Ramada Investimentos e Industria SA
ELI:RAM
Income Statement
Earnings Waterfall
Ramada Investimentos e Industria SA
Income Statement
Ramada Investimentos e Industria SA
| Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
4
|
3
|
3
|
3
|
2
|
2
|
3
|
3
|
3
|
4
|
4
|
5
|
4
|
4
|
3
|
3
|
3
|
3
|
3
|
0
|
2
|
2
|
1
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
1
|
0
|
0
|
|
| Revenue |
98
N/A
|
89
-9%
|
81
-10%
|
88
+9%
|
91
+4%
|
97
+7%
|
105
+8%
|
108
+3%
|
109
+1%
|
112
+3%
|
110
-2%
|
105
-4%
|
111
+5%
|
106
-4%
|
105
-1%
|
104
-1%
|
105
+1%
|
109
+3%
|
114
+5%
|
116
+2%
|
118
+2%
|
117
-1%
|
123
+5%
|
129
+4%
|
126
-2%
|
127
+1%
|
124
-2%
|
126
+2%
|
136
+7%
|
127
-7%
|
113
-11%
|
98
-13%
|
157
+60%
|
116
-26%
|
132
+13%
|
144
+9%
|
127
-11%
|
126
-1%
|
119
-5%
|
116
-3%
|
114
-2%
|
110
-4%
|
104
-6%
|
102
-2%
|
103
+1%
|
108
+6%
|
120
+10%
|
131
+9%
|
143
+9%
|
165
+15%
|
189
+15%
|
200
+6%
|
194
-3%
|
180
-7%
|
161
-11%
|
145
-9%
|
10
-93%
|
135
+1 283%
|
66
-51%
|
37
-44%
|
10
-73%
|
(23)
N/A
|
13
N/A
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(70)
|
(50)
|
(41)
|
(48)
|
(66)
|
(54)
|
(60)
|
(59)
|
(78)
|
(63)
|
(61)
|
(60)
|
(80)
|
(60)
|
(59)
|
(58)
|
(75)
|
(69)
|
(78)
|
(84)
|
(87)
|
(86)
|
(91)
|
(95)
|
(90)
|
(92)
|
(87)
|
(90)
|
(96)
|
(91)
|
(80)
|
(69)
|
(111)
|
(84)
|
(97)
|
(106)
|
(94)
|
(87)
|
(78)
|
(73)
|
(86)
|
(69)
|
(65)
|
(64)
|
(77)
|
(68)
|
(74)
|
(81)
|
(107)
|
(101)
|
(116)
|
(122)
|
(145)
|
(110)
|
(100)
|
(93)
|
(1)
|
(89)
|
(40)
|
(18)
|
(1)
|
24
|
0
|
|
| Gross Profit |
28
N/A
|
40
+45%
|
40
-1%
|
40
+1%
|
26
-35%
|
43
+67%
|
45
+5%
|
49
+8%
|
31
-37%
|
49
+61%
|
49
-2%
|
46
-6%
|
31
-33%
|
47
+51%
|
46
-1%
|
46
+0%
|
30
-35%
|
40
+31%
|
36
-9%
|
32
-11%
|
32
-2%
|
32
0%
|
32
+2%
|
33
+4%
|
36
+7%
|
35
-2%
|
37
+5%
|
37
+1%
|
40
+8%
|
36
-10%
|
33
-9%
|
29
-10%
|
45
+55%
|
33
-28%
|
35
+7%
|
38
+8%
|
33
-11%
|
40
+19%
|
42
+5%
|
43
+5%
|
28
-35%
|
41
+45%
|
39
-5%
|
38
-2%
|
26
-32%
|
41
+59%
|
45
+11%
|
50
+10%
|
36
-28%
|
64
+77%
|
72
+14%
|
77
+7%
|
49
-37%
|
70
+44%
|
61
-14%
|
52
-14%
|
9
-83%
|
46
+432%
|
27
-43%
|
19
-29%
|
9
-51%
|
1
-94%
|
13
+2 157%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(16)
|
(28)
|
(27)
|
(27)
|
(14)
|
(30)
|
(31)
|
(33)
|
(15)
|
(33)
|
(33)
|
(31)
|
(15)
|
(31)
|
(31)
|
(31)
|
(15)
|
(24)
|
(21)
|
(17)
|
(16)
|
(17)
|
(17)
|
(17)
|
(20)
|
(18)
|
(20)
|
(20)
|
(23)
|
(21)
|
(19)
|
(16)
|
(27)
|
(18)
|
(19)
|
(22)
|
(20)
|
(26)
|
(29)
|
(32)
|
(16)
|
(30)
|
(29)
|
(28)
|
(14)
|
(29)
|
(31)
|
(33)
|
(17)
|
(42)
|
(48)
|
(50)
|
(22)
|
(46)
|
(40)
|
(38)
|
(3)
|
(34)
|
(16)
|
(10)
|
(1)
|
6
|
(2)
|
|
| Selling, General & Administrative |
(13)
|
(14)
|
(13)
|
(13)
|
(12)
|
(16)
|
(17)
|
(19)
|
(13)
|
(18)
|
(18)
|
(16)
|
(13)
|
(16)
|
(16)
|
(16)
|
(13)
|
(16)
|
(16)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(17)
|
(16)
|
(16)
|
(16)
|
(17)
|
(14)
|
(12)
|
(11)
|
(21)
|
(13)
|
(15)
|
(16)
|
(15)
|
(22)
|
(25)
|
(29)
|
(14)
|
(27)
|
(26)
|
(26)
|
(11)
|
(24)
|
(26)
|
(28)
|
(14)
|
(38)
|
(44)
|
(45)
|
(16)
|
(40)
|
(34)
|
(31)
|
(1)
|
(30)
|
(14)
|
(8)
|
(1)
|
6
|
(2)
|
|
| Depreciation & Amortization |
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(6)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(4)
|
(0)
|
(4)
|
(3)
|
(2)
|
(0)
|
(1)
|
(0)
|
|
| Other Operating Expenses |
(1)
|
(13)
|
(12)
|
(13)
|
(1)
|
(13)
|
(13)
|
(13)
|
(1)
|
(14)
|
(14)
|
(13)
|
(1)
|
(13)
|
(13)
|
(13)
|
(1)
|
(6)
|
(3)
|
(0)
|
1
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(0)
|
0
|
1
|
2
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
0
|
1
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
0
|
1
|
(0)
|
1
|
1
|
|
| Operating Income |
12
N/A
|
12
-4%
|
12
+7%
|
13
+5%
|
12
-11%
|
13
+11%
|
14
+9%
|
16
+12%
|
16
+2%
|
16
+2%
|
16
-1%
|
15
-6%
|
16
+7%
|
16
-2%
|
16
-1%
|
16
0%
|
15
-4%
|
15
+2%
|
15
+0%
|
15
-2%
|
15
+2%
|
15
-5%
|
15
+3%
|
16
+6%
|
16
-1%
|
17
+5%
|
17
+2%
|
17
0%
|
16
-3%
|
15
-6%
|
14
-9%
|
13
-4%
|
19
+39%
|
15
-22%
|
16
+7%
|
16
+1%
|
14
-13%
|
13
-3%
|
12
-8%
|
11
-8%
|
12
+7%
|
11
-7%
|
10
-9%
|
10
-4%
|
12
+18%
|
12
+2%
|
14
+23%
|
17
+19%
|
19
+8%
|
22
+16%
|
24
+12%
|
27
+13%
|
26
-3%
|
24
-9%
|
20
-16%
|
15
-27%
|
6
-59%
|
12
+100%
|
10
-17%
|
9
-10%
|
8
-15%
|
7
-15%
|
11
+58%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(2)
|
(2)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
(4)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(1)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
0
|
1
|
41
|
41
|
40
|
40
|
(1)
|
(1)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(0)
|
|
| Non-Reccuring Items |
(5)
|
(4)
|
(4)
|
(3)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
|
| Total Other Income |
(1)
|
(1)
|
(1)
|
(1)
|
(0)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
(1)
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
3
N/A
|
4
+35%
|
5
+50%
|
7
+30%
|
7
+8%
|
8
+13%
|
9
+5%
|
10
+8%
|
9
-2%
|
9
-1%
|
9
-1%
|
9
-5%
|
10
+15%
|
10
-1%
|
10
-1%
|
10
+1%
|
9
-10%
|
9
+4%
|
10
+5%
|
10
+2%
|
11
+17%
|
12
+5%
|
13
+10%
|
15
+11%
|
14
-1%
|
15
+6%
|
16
+3%
|
17
+5%
|
17
+0%
|
16
-6%
|
15
-7%
|
55
+274%
|
60
+10%
|
55
-7%
|
55
+0%
|
14
-74%
|
12
-16%
|
12
-3%
|
11
-8%
|
10
-9%
|
11
+9%
|
10
-7%
|
9
-10%
|
9
-3%
|
9
0%
|
11
+22%
|
14
+27%
|
16
+20%
|
18
+13%
|
21
+15%
|
24
+12%
|
27
+13%
|
25
-6%
|
23
-9%
|
19
-18%
|
13
-30%
|
5
-60%
|
10
+99%
|
9
-16%
|
8
-4%
|
7
-19%
|
6
-4%
|
10
+61%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(4)
|
(5)
|
(6)
|
(5)
|
(4)
|
(3)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(3)
|
|
| Income from Continuing Operations |
2
|
2
|
4
|
5
|
5
|
6
|
6
|
7
|
6
|
6
|
6
|
6
|
6
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
8
|
8
|
10
|
10
|
11
|
12
|
12
|
13
|
14
|
13
|
13
|
53
|
57
|
54
|
54
|
12
|
10
|
9
|
9
|
8
|
8
|
8
|
7
|
7
|
7
|
9
|
11
|
13
|
15
|
17
|
19
|
21
|
20
|
18
|
15
|
11
|
4
|
9
|
8
|
7
|
5
|
5
|
7
|
|
| Income to Minority Interest |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
2
N/A
|
2
+38%
|
4
+49%
|
5
+30%
|
5
+6%
|
6
+14%
|
6
+5%
|
7
+9%
|
6
-3%
|
6
0%
|
6
-1%
|
6
-6%
|
6
+4%
|
6
-1%
|
6
-1%
|
6
0%
|
6
+2%
|
6
+4%
|
7
+4%
|
7
+6%
|
8
+14%
|
8
+4%
|
9
+12%
|
10
+9%
|
11
+6%
|
12
+7%
|
12
+1%
|
13
+6%
|
14
+9%
|
14
+3%
|
15
+6%
|
56
+269%
|
57
+1%
|
57
+0%
|
114
+101%
|
73
-36%
|
70
-4%
|
68
-2%
|
9
-87%
|
8
-7%
|
8
+0%
|
8
-7%
|
7
-8%
|
7
-2%
|
7
+3%
|
9
+22%
|
11
+25%
|
13
+20%
|
15
+19%
|
17
+14%
|
19
+10%
|
21
+12%
|
20
-5%
|
18
-8%
|
15
-17%
|
11
-27%
|
10
-8%
|
9
-14%
|
30
+235%
|
30
+0%
|
29
-4%
|
29
+0%
|
11
-62%
|
|
| EPS (Diluted) |
0.07
N/A
|
0.09
+29%
|
0.14
+56%
|
0.18
+29%
|
0.2
+11%
|
0.22
+10%
|
0.23
+5%
|
0.25
+9%
|
0.25
N/A
|
0.25
N/A
|
0.25
N/A
|
0.24
-4%
|
0.27
+13%
|
0.25
-7%
|
0.25
N/A
|
0.25
N/A
|
0.27
+8%
|
0.27
N/A
|
0.29
+7%
|
0.31
+7%
|
0.35
+13%
|
0.37
+6%
|
0.41
+11%
|
0.45
+10%
|
0.48
+7%
|
0.51
+6%
|
0.52
+2%
|
0.55
+6%
|
0.6
+9%
|
0.61
+2%
|
0.65
+7%
|
2.18
+235%
|
2.34
+7%
|
2.21
-6%
|
4.46
+102%
|
2.83
-37%
|
2.71
-4%
|
2.66
-2%
|
0.34
-87%
|
0.32
-6%
|
0.32
N/A
|
0.29
-9%
|
0.27
-7%
|
0.26
-4%
|
0.27
+4%
|
0.33
+22%
|
0.41
+24%
|
0.5
+22%
|
0.59
+18%
|
0.67
+14%
|
0.74
+10%
|
0.82
+11%
|
0.78
-5%
|
0.72
-8%
|
0.6
-17%
|
0.44
-27%
|
0.4
-9%
|
0.35
-13%
|
1.16
+231%
|
1.15
-1%
|
1.12
-3%
|
1.12
N/A
|
0.42
-63%
|
|